Dominion Dynamics raises record C$139M to build Canada's defence tech powerhouse

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Canadian defence technology company Dominion Dynamics has secured a record C$139 million in Series A funding, marking a milestone in the country's defence investment landscape. CEO Eliot Pence stated his ambition is to establish a major Canadian defence prime contractor. The company plans to focus on Arctic-hardened surveillance systems and autonomous platforms. The capital will drive development of its AuraNet software and Scout autonomous system. The move aligns with Canada's broader defence industrial strategy amid increasing global military expenditure.

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